Online Class Notes (Tibo)

review the PDF on numbers

I think luxury items is not a necessity . it depends on different people’s demand.
The luxury items is not useful for everyone it depend on your financial ability / spending budget.
it depends on personal financial values. Some people are very rich and have enough money to buy but don’t choose to buy luxury items.
For example a famous entrepreneur, the Facebook founder. He use items is very simple and cheap. he says as long as the item is comfortable or useful it is enough. it doesn’t matter how expensive items are.
They are in the environment people like to have a competition to buy something.
This is the culture. A lot of Chinese people like to buy some luxury items because of the cultural.
So many people around them like to buy the high cost items so they buy the luxury items in order to show the same level or connect with them so it depends on people’s mind.

in the past decade or several years ago. people just have a stable job and they need to save the money in order to their medical cost later.
They just have a 1 job and they wanna save the money for the old age, for their medical cost because it is very expensive in China.
In the new generation even we just have 1 stable job we can create another opportunity to make money so we cost money for fun. and we also can buy the insurance of the medical, we don’t worry about

it is have but it was optional

In the past you just can buy the expensive items can give you worth.
in the past TV is very expensive, now a lot of competition companies rise up and now you use little money to buy a TV.

for my mind I don’t like the fake products. I think Chinese culture is like to copy something if something is hot and another people would like to copy them and make a lot of money in their mind. This is a common phenomenon in China.

it gradually decreased, even they are copy for popular items they just change a little bit and put another sign.
it is not real disappear, just change a little bit way to do that but it is better than before.

I think it is decreased than before. people like to buy the fake item decreased.
There are a lot of items you can choose. In the past years just have a little brands you can choose. So some people like to fake them but now a lot of luxury items you can choose.

I lot of the luxury brands originated by the Europe.
They are good at design and produce some luxury items because they have a long history but in China we have a different culture. Our famous products based on our culture such as tea. We haven’t the luxury item history so in the future we didn’t have the luxury items can better than the Europe item.

in the past they didn’t have famous luxury items as well. Japanese know as the comfortable simple items so every country has different culture products.

in my mind the luxury items are Hermes, Chanel, those products never cannot lose people

I think luxury items are not a necessity / are not necessary . it depends on different people’s demand.
The luxury items are not useful for everyone it depends on your financial ability / spending budget.

it depends on personal financial values / financial priorities. Some people are very rich and have enough money to buy but don’t choose to buy luxury items.
For example a famous entrepreneur, the Facebook founder. He uses items which are  very simple and cheap / he uses simple and cheap items.
He says as long as the item is comfortable or useful it is enough. it doesn’t matter how expensive items are.

People who buy items for status are in a an environment in which people compete to own things  / are in an environment in which others always look at what they have / compare with others.

This is the culture. A lot of Chinese people like to buy some luxury items because of the culture.
So many people around them like to buy the high cost items so they buy the luxury items in order to show the same social level/ social standing or connect with them so it depends on people’s mindset.

in the past decades or several years ago. People just had a stable job and they needed to save the money in order to pay for their medical cost later. / for when they would get old
They just had 1 job and they wanted to save the money for the old age, for their medical bills because it is very expensive in China.

In the new generation even if we just have 1 stable job we can create another opportunity to make money so we spend money for fun. and we also can buy the medical insurance so we don’t worry

it existed but it was optional

In the past the more you spent the better the item 

in the past TVs were very expensive, now a lot of competition has risen up and now you use little money to buy a TV. / TVs are cheap.

in my mind/personally  I don’t like the fake products. I think Chinese culture  likes to copy something if something is hot and another people would like to copy them and make a lot of money in their mind. This is a common phenomenon in China.

it gradually decreased, even though there are copy for popular items they just change a little bit and put another sign. / they slightly alter the logo.
it did not really disappear, it just changed a little bit but it is better than before.

I think it  decreased / it is less than before . people who like to buy fake item decreased. / the market for fake items decreased
There are a lot of items you can choose. In the past years there were only a few brands  you could choose. So some people liked to buy fake product but now  there are  a lot of luxury items you can choose. / now the luxury market has much more choice from entry luxury to very high luxury

I lot of the luxury brands originated from Europe.
They are good at design and produce some luxury items because they have a long history but in China we have a different culture. Our famous products are based on our culture such as tea. We don’t have the luxury item history so in the future we won’t  have the luxury items that are better than the European item.

in the past they didn’t have famous luxury items as well.
Japanese brands are known for comfortable and simple items so every country has different culture products.

in my mind the luxury brands are Hermes, Chanel, those brand will never lose people  / those brands will always have a market

Vocabulary

to alter (v) change in character or composition
We need to alter the design to make it slightly smaller

alteration (n) change
He sent the report and wrote alterations in red.

to exist (v) be part of the current world/ be possible
a plane that travels the world in 1h doesn’t exist.

medical insurance (n) : insurance that covers sickness and accidents …
He discovered he had cancer but fortunately he has a medical insurance

medical bill (n) what you need to pay because of health issues
The medical bill was very expensive

mindset (n) way someone thinks / set of values
He has a strong mindset

mind (n) faculty of consciousness and thoughts
He lost his mind, he is crazy

Europe (n)

European (adj / n) people of Europe / from or related to Europe

optional (adj): not compulsory / depending on your choice
The insurance is optional

compulsory (adj) no choice / it is a must
Paying taxes is compulsory

economies of scale (n) : the more you produce the cheaper it becomes
economies of scale help make products cheaper

necessity (n)

necessary (adj)

to differentiate (v) to notice the difference / distinguish
I can’t differentiate those 2 items

fake (adj) : not real
She bought a LV bag but realized later it was fake